WARRANTECH ANNOUNCES THE “BEST OF THE BEST” FOR 2008

 Company Recognizes Top Dealers at Consumer Electronics Show Event

BEDFORD, Texas (Feb. 6, 2009) — Warrantech Consumer Product Services, a subsidiary of Warrantech Corporation, today announced that 11 companies are recipients of the company’s Best of the Best award. The prestigious awards were presented by Joel San Antonio, CEO of Warrantech Corporation and Sean Hicks, the Master of Ceremonies for the event.

        In an academy awards-style ceremony held at the Mandalay Bay Hotel in Las Vegas, the winners were recognized for their outstanding work in service contract sales and repair service. The 2008 “Best of the Best” award recipients – listed with their category are:

	• Dealer of the Year	BrandsMart U.S.A.
	• Regional Dealer of the Year	Karl’s TV Audio Appliances Furniture
	• Online Dealer of the Year	Venue
	• Appliance Dealer of the Year	ApplianceSmart Factory Outlet
	• Electronics Dealer of the Year	Jetson Appliance & Electronics Experts
	• Electronics Servicer of the Year	DTR-Denver
	• Buying Group of the Year	MARTA USA
	• Repairmaster Distributor of the Year	Gotham Sales
	• Self Servicing Dealer of the Year	BrandsMart U.S.A.
	• Appliance Servicer of the Year	Jetson Appliance & Electronics Experts
	• Outstanding Partner of the Year	AmTrust Financial Group

        “I am pleased to congratulate the 11 outstanding dealers and service companies that have been recognized this year,” said San Antonio. “These companies exemplify professionalism, top performance and world-class dedication to the sale of service contracts while excelling at providing service to their customers. All too often hard work goes unnoticed, and we felt the time had come to give these dealers the recognition they so richly deserve.”

        The Best of the Best Awards is an annual event that measures how well companies implement plans to improve customer service through extended service contracts and warranties in a variety of consumer electronic and appliance product categories.

        The 2008 Best of the Best recipients were selected from a field of over 1,000 companies. Through careful evaluation by a panel of experts from Warrantech’s senior management team, each company was chosen based on several criteria including sales increases, penetration rate by product category, customer service scores, and cost control.
“While our eye-candy theme made for a light-hearted, enjoyable party, we had a serious reason for hosting this event,” noted Hicks. “These dealers and servicers deserve recognition for the creative solutions they have implemented during 2008 in order to successfully deal with an extremely challenging business climate.”

        “Being named Dealer of the Year is an honor,” noted Lary Sinewitz, executive vice president of BrandsMart USA. “In the past, quantifying the effectiveness of enhancing customer service through service contracts and extended warranty programs was problematic – especially in the face of stiff competition and high performance standards. Now, Warrantech is raising the bar with an innovative new program that acknowledges the achievements of successful companies. Everyone at BrandsMart worked especially hard this past year, and we appreciate being recognized for our accomplishments.”

        Robert L.Thompson, managing director and general manager of MARTA Cooperative of America said, “What a sweet way to end a tough year. Winning Warrantech’s Best of the Best Award for Buying Group of the Year helps make us redouble our efforts to continue creating new ways to serve our customers, while enhancing our bottom line. Warrantech’s Best of the Best Award is just the incentive we need going into 2009.”

        “The achievements and number of award winners is impressive,” said San Antonio. “We recognize and congratulate all of the Best of the Best Awards recipients for their hard work and dedication to the industry as we look forward to expanding this popular program in the coming year.”

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About Warrantech:
Warrantech Corporation administers and markets service contracts and after-market warranties on automobiles, automotive components, recreational vehicles, appliances, consumer electronics, homes, computer and computer peripherals for retailers, distributors and manufacturers.  Acquired by H.I.G. Capital in 2007, the company continues to expand its domestic and global penetration, and now provides its services in the United States and Canada. www.warrantech.com.
 

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